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Factors driving the potential cut include Friday's jobs data, which showed the US economy added just 12,000 jobs in October — far lower than the forecast of 106,000 jobs. Meanwhile, inflation ...
LONDON/SYDNEY (Reuters) -The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields ...
The FedWatch tool predicts two 25 basis-point cuts next year, which is significantly less than the five cuts forecast by the Fed itself when it issued its summary of economic projections in September.
Its decision has been complicated by a sell-off in gilts following the Labour government's budget last week. Sterling was added 0.5% higher to $1.297, helped by a weaker dollar. It fell 0.3% last ...
For the week, the S&P 500 and the Dow Jones Industrial Average rose more than 4.5%, while the Nasdaq Composite rose nearly 6%. In the week ahead, a fresh reading on inflation and retail sales will ...
Entering last week, and excluding inflationary changes over time, 10 publicly traded companies around the globe had reached a nominal market cap of $1 trillion -- nine of which can be purchased on ...
Schiff sees a golden opportunity in the face of "de-dollarization." Peter Schiff is predicting a 'major dollar decline’ but Janet Yellen has said it won't be easy to 'get around' the greenback ...
Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down from 66% a week ago, according to ...